Sunbelt Securities Inc. Takes $268,000 Position in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI)

Sunbelt Securities Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,226 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. acquired a new stake in shares of JPMorgan Equity Premium Income ETF during the third quarter worth about $30,000. Heritage Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter worth $62,000. SRS Capital Advisors Inc. purchased a new position in shares of JPMorgan Equity Premium Income ETF during the third quarter worth $72,000. Money Concepts Capital Corp boosted its holdings in JPMorgan Equity Premium Income ETF by 173.3% in the third quarter. Money Concepts Capital Corp now owns 1,476 shares of the company’s stock valued at $76,000 after purchasing an additional 936 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in JPMorgan Equity Premium Income ETF during the 3rd quarter worth about $77,000.

JPMorgan Equity Premium Income ETF Stock Down 1.1 %

Shares of JEPI stock opened at $52.53 on Friday. JPMorgan Equity Premium Income ETF has a 52-week low of $49.92 and a 52-week high of $62.60. The stock has a market cap of $18.82 billion, a PE ratio of 21.55 and a beta of 0.64. The business has a 50-day simple moving average of $54.42 and a 200-day simple moving average of $54.34.

About JPMorgan Equity Premium Income ETF

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The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income.